Principal launches ESG-focused Shariah-compliant investment fund

Fund aims for companies that embrace sustainability values in business
Target fund is a qualified Sustainable and Responsible Investment fund Principal Malaysia has introduced the Principal Islamic Global Responsible Equity Fund, a Shariah-compliant investment fund that provides investors with an opportunity to invest across a diversified portfolio of equities while considering sustainability…Continue Reading

India regulator probing some Adani offshore deals for possible rule violations: Sources

MUMBAI: India’s market regulator is investigating possible violation of “related party” transaction rules in the Adani Group’s dealings with at least three offshore entities that have links to the brother of the conglomerate’s founder, two people said. The three entities allegedly entered into several investment transactions with unlisted units ofContinue Reading

How to make S Korea-Japan rapprochement endure

It is newsworthy on its own that conservative South Korean President Yoon Suk-yeol flew to Tokyo to meet with Prime Minister Kishida Fumio last week. Yoon’s predecessor, the progressive Moon Jae-in, demonstrated little interest in official meetings with his Japanese counterparts across his five years as president, one of the few things he had in common with his conservative […]Continue Reading

China and Brazil reach RMB-based trade deal

A Rio-based Chinese bank will be connected to China’s cross-border interbank payment System (CIPS), an alternative to SWIFT, to support trade settlements between China and Brazil in renminbi. Banco BOCOM BBM, a subsidiary of the Bank of Communications, China’s fifth largest bank, will be linked to CIPS to reduce the costs of commercial transactions with […]Continue Reading